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askbrien 147 Rep.
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Dev Issuefixers

Registered January 24, 2018
Received an upvote
March 14, 2018
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Commented on a post
August 16, 2017
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Posted an answer
August 10, 2017
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This is an opinion and we disagree,. It’s a very broad generalization. If you have a product then you have costs associated with the product, inventory, sales, marketing, finance, Human resources which can be broken down into more categories. Business is not just a simple question and answer.

About Ask Brien

Ask Brien is a business community where business owners can ask other business owners questions and receive responses. We at Askbrien.com are focused solely on business. We don’t discuss anything but business on our site. Every business question is important to the person or entity asking. Ask Brien and the Ask Brien Radio Show are great resources for you to obtain information to common questions such as: Should I incorporate? What is a registered trademark? Do I need a domain? What’s web-hosting? Why do I need a website? How can I create an iPhone app and Android app? Am I paying too much in merchant fees? How do I get traffic to my website? Ask Brien is here to help you grow your company into a successful business.

0 February 2, 2017

You must be paid for working. When reading the details it appears you are paid but have more responsibilities at the same pay level. You stated you are receiving less per hour so it appears you are an hourly employee. Many Manager positions are salary Exempt versus hourly non exempt. Exempt applies to overtime bu not exclusively. If you are hourly and working more hours then to the extent you exceed the weekly hour calculation or daily hour maximum you will be entitled to overtime as a non-exempt employee. This is a personal question in the sense you have to make a decision. One option is to approach your supervisor and request a raise for additional work. It would be helpful if we knew how many hours you work per day and per week as well as your responsibilities whether they include supervision etc. To the extent you were not paid properly the Labor Board or any attorney is an option. You are entitled to back pay if you were not properly paid but we don’t have any information on your pay. More information in reply will help us provide even a better answer.

About Ask Brien

Ask Brien is a business community where business owners can ask other business owners questions and receive responses. We at Askbrien.com are focused solely on business. We don’t discuss anything but business on our site. Every business question is important to the person or entity asking. Ask Brien and the Ask Brien Radio Show are great resources for you to obtain information to common questions such as: Should I incorporate? What is a registered trademark? Do I need a domain? What’s web-hosting? Why do I need a website? How can I create an iPhone app and Android app? Am I paying too much in merchant fees? How do I get traffic to my website? Ask Brien is here to help you grow your company into a successful business.

1 February 2, 2017

Equipment generally depreciates over time. Typically in 3-5 years the equipment may have no value especially if its technology like computers and printers. Anyone who purchased a computer 5 years ago can attest to the price to buy the same computer today. So what type of equipment and what’s the expected life expectancy of the equipment is important to know. If you are only purchasing a piece of equipment for $20,000 then you should understand that the IRS would allow you to take off the entire amount under section 179 in the year you purchased the equipment. Thus you would have a big writeoff . It appears that you lack funds since you are looking for an investor for a $20,000 piece of equipment. The issue then becomes your status. If you need the equipment to continue in business then you may have to make a deal you don’t like or is a bad deal to continue in business. Someone with terrible credit can buy a machine and pay 180% interest/year and someone with good credit can buy the equipment with 0% financing for 1 year. Generally if someone is receiving 6% of the gross they would receive that until the $20,000 is returned and then receive something additional for lending the money in the form of interest, equity, continued royalty etc.

About Ask Brien

Ask Brien is a business community where business owners can ask other business owners questions and receive responses. We at Askbrien.com are focused solely on business. We don’t discuss anything but business on our site. Every business question is important to the person or entity asking. Ask Brien and the Ask Brien Radio Show are great resources for you to obtain information to common questions such as: Should I incorporate? What is a registered trademark? Do I need a domain? What’s web-hosting? Why do I need a website? How can I create an iPhone app and Android app? Am I paying too much in merchant fees? How do I get traffic to my website? Ask Brien is here to help you grow your company into a successful business.

4 January 17, 2017